Innovation Agency Lithuania established by the Ministry of Economy and Innovation will be headed by Romualda Stragienė, who has extensive experience in business.

‘The task of Innovation Agency Lithuania is to grow a globally competitive and innovative business, and to make the Agency a strong public sector “unicorn”. We can achieve these high goals only if we have a strategically minded head of the Agency who will put together a team to move in that direction. I have no doubt that Romualda Stragienė, who has the highest level of leadership experience, will be able to create the most advanced public sector organisation. This will significantly increase business breakthrough rates, and the Agency will become a partner for business in promoting innovation, entrepreneurship and exports’, said Minister of Economy and Innovation Aušrinė Armonaitė.

Stragienė has worked in business for many years and managed ‘BIOK laboratorija’ – the largest cosmetics manufacturing company in Lithuania. She beat 28 other candidates for the position of Director of the Innovation Agency.

Having started her career in advertising and media planning agencies, Stragienė has been working at ‘BIOK laboratorija’ since 2005. She has held the positions of Marketing Manager, Director – and, in recent years – Chair of the Board, and has been responsible for the implementation of the business strategy. In 2015, she was elected the Marketing Manager of the Year by the Lithuanian Marketing Association, and she is an active member of the business and education communities.

Innovation Agency Lithuania, which was launched in April, is responsible for the Lithuania’s innovation ecosystem and for promoting innovation at all stages of business development – from developing ideas to delivering products to end users. It will provide start-up and business development advice, international business development opportunities, build business competences, access to finance and networking resources, and connect developers of business services.

Agency will administer a wide range of business support measures totalling over EUR 500 million over the next few years. To increase exports and competitiveness, the focus will be on promoting the internationalisation of Lithuanian companies, enhancing export competences, finding new contacts and expanding the network of partners, and diversifying export markets. More than EUR 80 million will be invested in export promotion by 2030.

Agency will employ more than 300 staff and have regional offices in 13 Lithuanian cities. Agency is based on Enterprise Lithuania and the Lithuanian Business Support Agency (LBSA), and by consolidating the innovation functions previously performed by the Science, Innovation and Technology Agency (SITA).

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